Business
QBE’s Regan paid $310k following sudden exit – The Australian Financial Review
QBE former boss Pat Regan will lose about $10 million in unvested conditional rights after a complaint by a female employee prompted his sudden departure.
Mr Regan’s surprise departure came after a week-long external investigation by law firm Minter Ellison concluded he had engaged in “inappropriate workplace communications” said to be in the form of text or email messages that breached the company’s code of ethics and conduct.
Chairman Mike Wilkins, who is filling in as CEO until a permanent replacement is found, refused to give details of any text or email messages.
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